You'll need to sign in or create an account to connect with an expert.
Interest you receive on an obligation issued by
a state or local government is generally not taxable.
Municipal bond funds provide investors with interest that is exempt from federal income taxes. This income may also be exempt from state and local taxes for investors who reside in the issuing state or locality.
I am having the same issue. How do you make Treu tax charge interest on municipal bong funds?
The interest needs to be entered in as "Box 8" interest not Box 1 interest for TurboTax to recognize that it is not taxable.
Delete the current interest entry and when re-entering be sure to select the box or link that indicates ""My form has info in more than just Box 1" to open up those entry areas.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
adamkwitkop
Level 1
RandomTaxThrowaway
Level 1
mtalo
New Member
confusedabd
Level 3
SimonJ9
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.